Basically England, wales and n Ireland would underwrite the Scottish banks... much like the poor Germans have had to do with Spain, Greece & Portugal... it's unacceptable.
Read the last few paragraphs of this latest article to understand more about an unstable currency union and the fact the rest of Britain would be better suited with a currency union with Europe or even the USA than Scotland... it's just not feasible! Salmond is a nationalist nutjob!
utter madness! 